earning ratio 中文意思是什麼
earning ratio
解釋
企業利潤率-
With the rapid development of the security stock market especially the stock market in chian ， issuing stock and circulating on market became the first choice of financing for more and more enterprise at the same time ， more and more investors are attracted by the relately high initial return of stock however ， the problem of ipos underpricing always exists in the stock market according to the data of more than one thousand chinese stocks ， most new issues had great raise in the first trade day ， and investors could acquire higher initial return than the average return of the stock market or the same industry we find that initial returns on a - share ipos average reached 132. 24 percent the main body of this paper is made up of six sections ： in the first part ， we introduced the method of the estimate of pricing decision ； in the second part ， we analyzed the method of the pricing decision and issuing system in china ， discussed the advantage and weakness of the various issuing methods ， and compared the economic efficiency between the examine and approve system and authorization system ； in the third part ， we analyzed the reason of ipo ' s underpricing in detail from information economics and other factors and combined with the environment of the chinese stock markets ， we analyzed the special characteristics in china and how they effect the ipo ' s underpricing in the fourth part ， we analyzed the data of chinese stock market with spss ， made a analysis of the administrative pricing decision and market pricing decision ， studied the underpricing phenomena of chinese stock market ， and analyzed it ' s causes ； in the fifth part ， we made a analysis of the examine approve system and authorization system ； and in the last part ， we drew some conclusions and put forth some policy advices the follow are the conclusions and policy advices in this dissertation ： （ 1 ） from the results of this empirical study ， we found that the issuing price - earning ratio and the market situation before ipos are strongly and positively associated with the underpricing of shares ， the issuing scale of ipo and the hit rate are strongly and negatively associated with the underpricing ； （ 2 ） we found that after the abolishing of ipo ' s p / e ratio and the using of authorization system ， there is no significant difference among the underpricing of shares ， but considered with the market entironment ， we think that the ipo ' s underpricing has been correspondingly reduced （ 3 ） to reduce difference between the primary market and the second market ， we suggested that we shall bring the " over - allotment option ( oao ) " to bear and resume the state - owned share and corporate - owned share to circulate on market as soon possible
本文的主體由六個部分組成：第一部分介紹新股發行定價的估值方法；第二部分對我國的發行定價方式和發行制度進行分析，探討不同發行定價方式的優缺點，以及審批制和核準制經濟效率分析；第三部分從信息經濟學角度和其他因素的角度詳細分析造成新股發行抑價的原因，並結合我國股票市場實際情況，分析了我國市場的特有因素是否及如何影響一級市場的發行抑價程度的；第四部分利用統計分析軟體spss對我國新股行政化和市場化定價進行實證分析，主要包括新股發行行政化和市場化定價方式的實施情況和效果分析、新股發行行政化定價方式的實證分析，以及新股發行行政化和市場化定價方式的比較實證分析；第五部分利用統計分析軟體spss對我國新股發行審批制和核準制進行實證分析；第六部分是本論文的主要結論。本文的主要結論和建議有： （ 1 ）從實證分析結果看，我國新股發行抑價與市場環境、發行市盈率呈顯著正向關系，與發行規模、申購中簽率等呈顯著反向關系。 （ 2 ）取消發行市盈率限制和實施核準制等市場化改革措施並沒有降低發行抑價的絕對水平，只是由於市場環境的因素，發行抑價的相對水平才有所降低。 -
Price - earning ratio
市價盈利率 -
Empirical analysis of indirect impact factors on price - earning ratio in chinese stock market
中國股票市盈率間接影響因素分析 -
Then we come to conclusions : ( 1 ) in the bull market, the firms with best earning character can have highest p / e ratio, then follow the ordinary firms, while the firms with worst earning character is on the floor, which means the earning character is related to the yield of stocks
（ 2 ）以預估盈餘數字計算的市盈率做為選股指標時，其合理性及精確性都是較歷史盈餘的市盈率為高，具有較高的利用價值，說明當期的盈餘與當期的股價具有顯著相關。 -
Suppose this was a public company with a per ( price earning ratio ) of say 10, such an act would make the company lost $ 30 million market capitalization with such move
假設這是一家上市公司，市盈率（股價每股盈餘）為10倍，那麼這樣的舉措將使公司市值損失3000萬。 -
It is desirable for all related insiders and outsiders to discern all potential risk in advance. this paper, with the adoption of special treatment resulted from abnormal financial position as the indicator of financial distress, the univariate variable analysis and multiple variable analysis as the research approach and some financial ratios as variable, tries to find an optimal financial distress prediction model of chinese manufacturing listed companies based on public accounting data. our finding demonstrate that five general financial ratios and three ratios concerning the cash flow have better predicting ability, the erroneous classification ratio are low. these five general financial ratios are earning per share, return on net assets, return on gross assets, growth rate of net profits, growth rate of net assets ; the three ratios concerning the cash flow are net cash flows from operating activities per share, net re - earnable cash flows / current liability, net cash flows from operating activities / net profit
研究結果表明，在單變量分析中，每股收益、凈資產收益率、總資產報酬率、凈利潤增長率、凈資產增長率這5個財務比率的錯分率較低、預測能力較強；經營活動凈現金流量與凈利潤之比、每股經營現金流量、可重復賺取的現金凈流量與流動負債之比這三個現金流量財務比率對于預測上市公司財務困境具有有效性；多變量分析中，應用費雪判別分析和典則判別分析得到兩個判別模型，在典則判別分析中，應用兩種方法確定所建模型的最佳分界點，檢測證明應用所得兩個判別模型進行財務困境預測的準確率很高。 -
They are based on ezcom tech s net profit after taxation of hk $ 87, 263, 004 for the nine months ended 31 december 2001 with an implied annualized price - earning ratio of approximately 3. 5 times. a special general meeting will be convened to approve the acquisitions
1 %股權時之訂價相約，乃是以易通新技術截至二零零一年十二月三十一日止九個月之除稅后純利87 ， 263 ， 004港元、約3 -
By analyzing the earning character and p / e ratio, we make the better choice of stocks. at last, adjust the acceptable p / e ratio according to the earning character in order to see if the firms with good earning character can have higher p / e ratio, conversely, lower p / e ratio
分析的結果得到以下幾點結論： （ 1 ）在股市呈現多頭走勢的繁榮期及穩定成長的復甦期間，盈餘品質較佳企業的組合投資報酬率最高，其次是盈餘品質中等企業的組合，最差的是盈餘品質較差企業的組合，顯示盈餘品質與股票投資報酬率間具有相關性。 -
When earning ratio of company " s assets is greater than the cost of corporation debt, the company should expand the scale in debt to increasing value of corporation
當公司資產收益率大於負債的融資成本時，公司應擴大負債的規模來增加公司的價值。 -
The traditional scope of bank business is shrinking, the profit level is reducing further. the business bank adjusts its beginning developing goal and strategies, turn to the goal improving the earning ratio of the capital as center. begin to pay attention to the development strategy of intension type
傳統的銀行存貸業務范圍收縮，利差和盈利水平縮小，商業銀行必須調整原有的擴大資產規模的發展目標和戰略，轉向以提高資產和資本收益率為中心的經營目標，注重內涵式發展的戰略。 -
The gfb105 - cd type is our company product which is tested repeatedly and improved on the basis of original gf type separating machine, it is a kind of model that is specially used for separating the blood, this type machine is used to separate blood plasma from blood cell in many kinds of blood, such as human beings, the beasts and birds, etc. the main characteristic of this machine is that the plasma - earning ratio is high, and it is lowest to drop the broken rate of the blood cell in the course of separating
Gq xx - z中藥澄清型管式分離機是管式分離機系列中的一種。它是專為中藥製品行業設計的一種機型。由於中藥中含有皂蛋白多糖等成份難以分離，或是在液體分離后仍有絮狀物沉澱存在，中藥型管式分離機可以從根本上解決此問題，且不流失藥物中的有效成份。 -
The fourth one is the research and application of the price - earnings ratio, which find some mistakes in the calculating method and the limitation in its application of the price - earning ratio ; this chapter brings forward the synthesis price - earning ratio, by which we can measure the contribution to the stock market of the stock speculation and the stock investment. the fifth one is the prospect of the stock market in china ; it analyzes several factors including china ' s entrance to wto, which can effect the development of our country ' s stock market and puts forward some opinions to the development trend of our county ' s stock market
第4章股票市盈率研究及其應用，通過對股票市盈率的技術經濟分析，發現股票市盈率計算方法有一定的缺陷性和在應用上具有一定的局限性后，提出了綜合市盈率的概念，然後通過對綜合市盈率在我國股市中的應用，計算出了近年來股票投資和股票投機對我國股市的貢獻度；第5章未來我國股市的展望，分析了對我國股市發展有影響的幾種因素及加入wto對我國股市的影響，最後對未來我國股票市場的發展趨勢提出了幾點看法。 -
Therefore, considering the development history, the current situation, the theoretical results and the practical experience of the developed countries, this paper defines the economics meanings of the stock investment behavior and the stock speculation behavior. based on the technique economics analysis of price - earnings ratio of the stock market, referring to the developing current situation and practical experience of our country ' s stock market over the past years, the paper puts forward the definition of the synthesis price - earning ratio which is more adapted to the common stock market, by which we can measure the contribution to the stock market of the stock speculation and the stock investment of the recent years
鑒於此，本論文以發達國家股票市場的發展歷史和現狀，以及其理論成果和實踐經驗為研究藍本，對股市中的股票投資和股票投機兩大行為進行了科學的界定；在參考國內股票市場近幾年的發展現況和實踐經驗，並在對股票市盈率進行了技術經濟分析的基礎上，結合股票市盈率和社會資本平均報酬率，本文提出了更適合評價一般股票市場的綜合市盈率指標，通過對它的應用，可量化近年來股票投資和股票投機對我國股市的貢獻度。 -
The estimate value of hensheng index, although its price earning ratio is approximate 21 times, is lower than the peak level of u. s. stock marketduring i. t. bubble times
恆生指數的估值（市盈率大約21倍）依然低於美國股市在網路泡沫時期的峰值水平。 -
Through comparing with the advantage and disadvantage of pure earning method ( per net capital, investment earning ratio ) and risk - adjusted method ( jensen index, treynor index, sharpe index, m2, t - m model, h - m model, morning star ). the paper point out the existing problem on the performance measurement of equity investment fund
其次，對證券投資基金績效的評價方法進行綜合性介紹；主要介紹傳統的純收益法（如：基金單位凈資產，基金的投資收益率）和現代的風險調整法（如：詹森指數、特雷利諾指數、夏普指數、 m2指標、 t ? m模型法、 h ? m模型法、晨星法）以及數據包絡分析方法。 -
The longer a customer stays with us, the higher the earning ratio will increase
顧客和我們呆在一起越長，收入比率增加越大。 -
The consideration represents a historical price - earning ratio of approximately 11. 3 times
是次收購代價，代表過去全年市盈率11 . 3倍。 -
Because every part of weight and earning ratio of portfolio investment are constantly changeable, portfolio needs to observe the performance of the funds with the dynamic view
由於投資組合的各部分權重及收益率是不斷變化的，因此需要用動態的觀點對基金業績進行考察。 -
Guo noted that people should be fully aware that the overseas securities markets are quite different from the domestic market, and that whether or not a stock is worthwhile buying does not depend on its low price or low profit - earning ratio
郭劍提出，必須充分意識到境外證券市場與國內證券市場有著很大的不同，而且某個股票是否值得投資並不取決于其價格便宜或市盈率低。 -
Compared with overseas companies, the investors for a long time of stock market are little and the speculators are more in china. this is because the dividend of our country is at will strongly ; no continuity and the dividend - earning ratio are extremely low
相對國外而言，我國上市公司制定股利政策隨意性強，沒有連續性，而且股東的股利收益率較低，造成股票市場長期以來投資者少，投機者眾。
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